if joint life policy is taken individually suppose A: 20000 B: 50000 C: 60000 and c died on 1st march.2009. surrender value of each is 30% . How much will each partner get towards j/l/p . what is the benefit of taking the policy individually ( severely) over jointly since in this case if the policy amounting to rs 130000 would have been taken then the maturity value would be 130000 then why policy is taken individually. also show the accounting treatment (entries) if the firm treats j/l/p as expense.
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joint life policy
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based on this info, no output can be found, insurance is a wide chapter, and based on person to person, company to company , policy to policy, payment to payment the results change, so try to put atleast the policy name, insurence company , table and term to continue the discussion.
ex, if i say ....my son gone to foreign 5 years ago for study, and returning now to india, what salary i can expect for him? what reply i m expecting on this query?
this is not a question from insurance policy. it is a question from partnership and the question is valid . I just want to ask the normal treatment and reason for the treatment.
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